NextSource Materials

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange (TSX) under the symbol “NEXT” and on the OTCQB under the symbol “NSRCF”.

Management Profile

Hanré Rossouw, President & Chief Executive Officer

Hanré Rossouw was appointed President and Chief Executive Officer of NextSource effective November 1, 2024 and joined the Board as a Director from September 1, 2024. Hanré has extensive experience in the global natural resources industry gained over the last 25 years and joined NextSource from Sasol Limited where he was Chief Financial Officer and Executive Director. Prior to Sasol he was the Chief Financial Officer and Executive Director of Royal Bafokeng Platinum and a portfolio manager at Investec Asset Management. He was also previously the Chief Financial Officer of Xstrata Alloys and held a number of other senior roles at Xstrata plc that involved extensive strategy, mergers and acquisitions, business optimisation and capital markets experience. He began his career as graduate engineer at Anglo American plc, and he later also worked for Accenture and De Beers Group.

Craig Scherba, P. Geo., Director and Chief Development Officer

Mr. Scherba was appointed President and CEO in September 2012 and has been a director since January 2010 when he served as Vice President, Exploration of the Company. Prior to joining the Company, Mr. Scherba was a managing partner for six years with Taiga Consultants Ltd., a mining exploration consulting company. Mr. Scherba has been a professional geologist (P. Geo.) since 2000, and his expertise includes supervising large Canadian and international mineral resource exploration programs.

What is your rationale for taking part in 121 Mining Investment?

Seeking strategic investors interested in funding our anode facility in the UAE to meet Mitsubishi Chemical offtake agreement to supply Tier 1 OEM's USA battery plant

What recent news would you like to highlight to investors attending?

• Aug 5, 2025 - Binding Offtake Agreement with Mitsubishi Chemical Corporation to Supply SuperFlake® Graphite Anode Material for the North American EV Market
• Oct 1, 2025 - Positive Results of Technical & Economic Study for Proposed Battery Anode Facility in the UAE and Secures Industrial Site with Building in Abu Dhabi

What are your key goals for the next 3, 6 and 12 months?

3 Months

• Secure site and start construction of BAF in Middle East
• Commission anode processing pilot plant in UAE
• Secure strategic funding partner to complete construction of 30k tpa Anode facility in UAE

6 Months

• Secure remaining funding to complete UAE Anode facility
• Commission Anode facility in Q2 2026

12 Months

• Reach full commercial production at UAE anode facility
• Continue validating SPG and CSPG with additional OEM supply chain customers

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

• Speed to market - we are in the poll position to secure Tier 1 OEM customers but need to maintain first mover advantage.
• Geopolitical - changes to current tariffs are unknown with Trump Administration, but also seen as a significant opportunity as we are a stable and reliable source of non- Chinese flake and anode material to the US and EU

What do you think makes your company such a compelling investment?

• Unique Position as Only Western Player with Proven Anode Technology
• Critical Offtake Agreements Secured with Leading Trading Partners
• Significant Value Creation Opportunity from De-Risking of Projects
• Vertically Integrated, High-Quality, Producing Asset Base
• Significant Historic Investment with Additional Partners Identified
• Strong Market Dynamics Support Opportunity to be Secure Supplier of Ex-China Anode Material

What are the top 3 key investor takeaways?

1. We are one of very few graphite mines in production outside of China and able to supply critical anode material in 2026.

2. Mandate letter from the IFC for 50% of the estimated CAPEX for our mine expansion

3. Ability to be a fully integrated, non-China (FEOC) supply solution to OEMs and cell manufacturers in 2026